$4,560,000
$4,995,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
9,874 SqFt
SOLD DATE : 09/15/2021
Key Details
Sold Price $4,560,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,874 sqft
Price per Sqft $461
MLS Listing ID 21769328
Sold Date 09/15/21
HOA Y/N No
Year Built 1961
Lot Size 0.400 Acres
Acres 0.4
Property Description
The Franklin boasts 28 total units including (24) studio with one-bathroom units and (4) one-bedroom with one-bathroom units. With a central location and low rents, historical vacancy rates are low. The units are mostly in original condition but select units have been modestly updated upon turnover. Units feature gas stoves, gas ovens and gas wall heaters. The community features a courtyard with a square pool and ample space for patio furniture. Income is supplemented by on-site laundry. There is gated access to the building and gated parking for added security. Parking is available for 26 cars accessed via a gated driveway along the north side the property. All utilities are master metered.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Zoning HAR3YY
Interior
Cooling None
Fireplace No
Exterior
Garage Gated
Parking Type Gated
Building
Faces East
Story 2
Architectural Style Mid-Century Modern
Others
Senior Community No
Tax ID 4041004032
Special Listing Condition Standard
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Bought with Berkadia
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CEO | DRE# SA695240000 | DRE# 02100184